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worcer Member	17-Aug-2014 16:22        worcer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still i am quite surprised that investors are still vested in rotary as no project continuing after all their last project end this year. They will have a lapse of a few months of " eat themselves" which could prove dangerous. 1) Urgency to win projects may force them to take bad project proving not profitable to them as ppl knows they are desperate now. 2) competitors may just bid lower for them to inclur losses in the long term. 3) Their ability to handle cost and profit is really questionable when the last bad project shows they lack good judgement. These three points is good enough to deter ppl from investing in them liao. junction      ( Date: 17-Aug-2014 15:20) Posted: You are right that they have got rid of bad projects.   However, as one of the forerunners here commented, their projects will run out this year and they are desperate to win new projects.   It is unlikely they will win future Rapid projects against the team of Sinopec & Knm, since costs and proven projects will favour the China/Malaysia partnership, which can also tender for bigger projects. Having said that, if Rotary is successful in winning new multi-millon dollar projects, then I will consider buying into it. sgjames      ( Date: 10-Aug-2014 17:38) Posted: Losses were due to unfamiliar working labour and market conditions, thus the substantial losses. But Rotary have put it behind them and turned profitable in the past few quarters. Overall, still a good company with sound financials. Losing out on the Rapid project is of course disappointing and probably the reason why quite a number bailed out on results release.
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junction Master	17-Aug-2014 15:20        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are right that they have got rid of bad projects.   However, as one of the forerunners here commented, their projects will run out this year and they are desperate to win new projects.   It is unlikely they will win future Rapid projects against the team of Sinopec & Knm, since costs and proven projects will favour the China/Malaysia partnership, which can also tender for bigger projects. Having said that, if Rotary is successful in winning new multi-millon dollar projects, then I will consider buying into it. sgjames      ( Date: 10-Aug-2014 17:38) Posted: Losses were due to unfamiliar working labour and market conditions, thus the substantial losses. But Rotary have put it behind them and turned profitable in the past few quarters. Overall, still a good company with sound financials. Losing out on the Rapid project is of course disappointing and probably the reason why quite a number bailed out on results release. junction      ( Date: 10-Aug-2014 12:30) Posted: That big contract was Satorp, over a billion $ worth, which cause the share price shoot over $1+.   That very same contract turned out to be a lemon, cost overrun and Rotary loss millions instead, which caused the share price to drop sharply.
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stevenk Senior	17-Aug-2014 14:38        stevenk About Contact  Quote this Post!
x 0   x 0  Alert Admin	stevenk      ( Date: 10-Aug-2014 21:44) Posted: Going down. Testing 60.5 cents.
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45coconuts Member	13-Aug-2014 16:18        45coconuts About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://sg.finance.yahoo.com/news/3-takeaway-rotary-engineering-2q14-073413282.html
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stevenk Senior	10-Aug-2014 21:44        stevenk About Contact  Quote this Post!
x 0   x 0  Alert Admin	Going down. Testing 60.5 cents.
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sgjames Member	10-Aug-2014 17:38        sgjames About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Losses were due to unfamiliar working labour and market conditions, thus the substantial losses. But Rotary have put it behind them and turned profitable in the past few quarters. Overall, still a good company with sound financials. Losing out on the Rapid project is of course disappointing and probably the reason why quite a number bailed out on results release. junction      ( Date: 10-Aug-2014 12:30) Posted: That big contract was Satorp, over a billion $ worth, which cause the share price shoot over $1+.   That very same contract turned out to be a lemon, cost overrun and Rotary loss millions instead, which caused the share price to drop sharply. justgoo      ( Date: 10-Aug-2014 09:42) Posted: Many years ago..rotary has big contracts from middle east...did they ever announce or report revenue achieve from these contracts yet...cannot recall if they do so..pls advise if u know...not sure those contracts are profitable
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Qanghoo Supreme	10-Aug-2014 13:17        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	There may be some truth that they may have given an edge to a consortium with local content. Such a practice is being adopted by many other countries too, objective merits or de-merits notwithstanding. lifeisgood      ( Date: 09-Aug-2014 22:36) Posted: Malaysia see singapore company no up. junction      ( Date: 09-Aug-2014 21:18) Posted: There is news on Rapid contract.   Sinopec teamed up with Knm already announced big contract win last week but nothing won by Rotary. Buy Knm/Sinopec.
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junction Master	10-Aug-2014 12:30        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	That big contract was Satorp, over a billion $ worth, which cause the share price shoot over $1+.   That very same contract turned out to be a lemon, cost overrun and Rotary loss millions instead, which caused the share price to drop sharply. justgoo      ( Date: 10-Aug-2014 09:42) Posted: Many years ago..rotary has big contracts from middle east...did they ever announce or report revenue achieve from these contracts yet...cannot recall if they do so..pls advise if u know...not sure those contracts are profitable
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justgoo Member	10-Aug-2014 09:42        justgoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Many years ago..rotary has big contracts from middle east...did they ever announce or report revenue achieve from these contracts yet...cannot recall if they do so..pls advise if u know...not sure those contracts are profitable
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junction Master	10-Aug-2014 09:33        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	Its not a question of seeing up or no up.   The costs for a Singapore company may be higher. Local companies like Knm know the local conditions better thats why Sinopec team up with Knm, the leading Malaysian company in the field.   Knm also has offices world wide and the expertise from their subsidiaries and partners in Germany and Italy especially.   Their only local rival recently had the misfortune of an accident at a job with Petronas and the incident is still under investigation.   Look out for more multibillion dollar Rapid contract wins for Sinopec/Knm lifeisgood      ( Date: 09-Aug-2014 22:36) Posted: Malaysia see singapore company no up. junction      ( Date: 09-Aug-2014 21:18) Posted: There is news on Rapid contract.   Sinopec teamed up with Knm already announced big contract win last week but nothing won by Rotary. Buy Knm/Sinopec.
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Almsoo7 Member	10-Aug-2014 08:18        Almsoo7 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh i just googled it and i think that's the contract that rotary bidded also. Maybe this explains the sudden dumping on Thursday and Friday.
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lifeisgood Supreme	09-Aug-2014 22:36        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Malaysia see singapore company no up. junction      ( Date: 09-Aug-2014 21:18) Posted: There is news on Rapid contract.   Sinopec teamed up with Knm already announced big contract win last week but nothing won by Rotary. Buy Knm/Sinopec. sgjames      ( Date: 08-Aug-2014 22:07) Posted: If you read the re-rating report by AM Fraser, it says their order book needs to be replenished and thus gave a lower TP. Catalyst for upside is the RAPID project, which as of now, is no news.
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junction Master	09-Aug-2014 21:18        junction About Contact  Quote this Post!
x 0   x 0  Alert Admin	There is news on Rapid contract.   Sinopec teamed up with Knm already announced big contract win last week but nothing won by Rotary. Buy Knm/Sinopec. sgjames      ( Date: 08-Aug-2014 22:07) Posted: If you read the re-rating report by AM Fraser, it says their order book needs to be replenished and thus gave a lower TP. Catalyst for upside is the RAPID project, which as of now, is no news.
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Kyoto2008 Elite	09-Aug-2014 10:17        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pity, the results released were pretty good.      Didn' t know they lost money on the Middle East though, BT has a way of reporting only part of the true story, reporters are not up to speed as compared with FT or AWSJ. Find more info here from investors and shareholders.
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lifeisgood Supreme	09-Aug-2014 09:41        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rotary has to quickly get some good margin, new contracts, or else its orderbook going to be kosong and it will become desperate. A few years ago, the same thing happend to Rotary. It was desperate to get contract, so it gladly took on the SATORP project in the Middle East, which eventually resulted in a few years and $100 over millions of losses. Kyoto2008      ( Date: 09-Aug-2014 02:01) Posted: It' s price is quite badly hit by generally poor mkt sentiment.  Whole mkt is down.
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Kyoto2008 Elite	09-Aug-2014 02:01        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It' s price is quite badly hit by generally poor mkt sentiment.  Whole mkt is down.
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lifeisgood Supreme	08-Aug-2014 23:27        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Disappointing, no new contracts announcements. May go much lower from here. john_ric      ( Date: 08-Aug-2014 23:23) Posted: stop being too optimistic about rotary. the last low was < 50 cents. it may re-visit this price level.
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john_ric Supreme	08-Aug-2014 23:23        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	stop being too optimistic about rotary. the last low was < 50 cents. it may re-visit this price level.
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sgjames Member	08-Aug-2014 22:07        sgjames About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	If you read the re-rating report by AM Fraser, it says their order book needs to be replenished and thus gave a lower TP. Catalyst for upside is the RAPID project, which as of now, is no news.
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Almsoo7 Member	08-Aug-2014 21:50        Almsoo7 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But fundamentals look ok, could it be temporary?
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